PDIKX Fees and Costs — PGIM Target Date 2045 Fund, Class R3
Data updated: 2026-10-13
The net expense ratio is 0.60% (2.34% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $34 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 50%.
PDIKX Fees and Expenses
Annual operating expenses and sales charges of PDIKX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.10% |
| Other expenses | 1.90% |
| Gross expense ratio | 2.34% |
| Fee waiver | −1.74% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
PDIKX Costs Over Time
On $10,000 invested in PDIKX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
PDIKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $34
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 50%
PDIKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $12 | 34.29% |
| LIQUIDNET, INC. | $7 | 20.00% |
| Raymond James & Associates, Inc. | $5 | 14.29% |
| CitiGroup Global Markets Inc. | $3 | 8.57% |
| MORGAN STANLEY & CO. LLC | $3 | 8.57% |
| BARCLAYS CAPITAL, INC. | $2 | 5.71% |
| JP MORGAN SECURITIES LLC | $2 | 5.71% |
| WELLS FARGO SECURITIES, LLC | $1 | 2.86% |
PDIKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $3.3M | 76.36% |
| BOFA SECURITIES, INC. | $499K | 11.67% |
| VIRTU AMERICAS LLC | $176K | 4.12% |
| CITADEL SECURITIES LLC | $176K | 4.11% |
| Goldman Sachs & Co. LLC | $158K | 3.69% |
| RBC CAPITAL MARKETS, LLC | $2K | 0.04% |
| INSTINET, LLC | $84 | 0.00% |
PGIM Target Date 2045 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PDIJX | Class R6 | 0.25% | none |
| PDIHX | Class R5 | 0.40% | none |
| PDIGX | Class R4 | 0.50% | none |
| PDIKX | Class R3 | 0.60% | none |
| PDIEX | Class R2 | 0.75% | none |
| PDIDX | Class R1 | 1.00% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.